Paycheck Protection Program Extended Apply Now!

The U.S. Small Business Administration (SBA), Senate passed the PPP Extension Act of 2021 that extends the current deadline of March 31 to May 31 and gives the SBA another 30 days to process loans, which means all PPP lenders should be able to accept loan applications up to May 31, instead of shutting their portals down a couple days early.

LEDC’s PPP application portal is now live! You can access it here:
https://www.ledcmetro.org/sbappp

To view participating lenders, click here

The new guidance released includes:

• PPP Guidance from SBA Administrator Carranza on Accessing Capital for Minority, Underserved, Veteran, and Women-owned Business Concerns;
• Interim Final Rule on Paycheck Protection Program as Amended by Economic Aid Act; and
• Interim Final Rule on Second Draw PPP Loans.